taxes Property Tax Assistance

2024 ISD Summary Worksheet

Muleshoe ISD (all splits)   Bailey County   Lamb County  

009-Bailey/Bailey County

009-901/Muleshoe ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 116,803,755 0.7666 152,365,973 152,365,973
B - MULTIFAMILY 1,905,968 N/A 1,905,968 1,905,968
C1 - VACANT LOTS 972,081 N/A 972,081 972,081
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 30,014,339 1.3094 22,922,420 22,922,420
D2 - FARM & RANCH IMP 2,838,488 N/A 2,838,488 2,838,488
E - NON-AG LAND AND IMPROVEMENTS 43,692,174 0.7591 57,557,863 57,557,863
F1 - COMMERCIAL REAL 22,313,523 0.9295 24,005,942 24,005,942
F2 - INDUSTRIAL REAL 35,731,587 N/A 35,731,587 35,731,587
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 72,504,818 0.9506 76,272,689 76,272,689
L1 - COMMERCIAL PERSONAL 28,184,310 1.1244 25,066,089 25,066,089
L2 - INDUSTRIAL PERSONAL 34,070,802 N/A 34,070,802 34,070,802
M1 - MOBILE HOMES 6,740,296 N/A 6,740,296 6,740,296
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 5,545,367 N/A 5,545,367 5,545,367
Subtotal 401,317,508 0 445,995,565 445,995,565
Less Total Deductions 81,259,291 0 95,048,120 95,048,120
Total Taxable Value 320,058,217 0 350,947,445 350,947,445

The taxable values shown here will not match the values reported by your appraisal district.

See the ISD DEDUCTION Report for a breakdown of deduction values.

Government Code subsections 403.302(j) and (k) require the Comptroller's office to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For school districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

VALUE TAXABLE FOR M&O PURPOSES

Measure Value Description
T1 379,838,315 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 350,947,445 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 379,838,315 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 350,947,445 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 397,088,315 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 408,588,315 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 351,657,775 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 379,838,315 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 350,947,445 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 379,838,315 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 350,947,445 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 397,088,315 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 408,588,315 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 351,657,775 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 28,890,870 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 17,250,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 11,500,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT WAS NOT VALID IN THE LAST TWO STUDIES.


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140-Lamb/Lamb County

009-901/Muleshoe ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 647,040 N/A 647,040 647,040
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,289,991 N/A 3,289,991 3,289,991
D2 - FARM & RANCH IMP 209,930 N/A 209,930 209,930
E - NON-AG LAND AND IMPROVEMENTS 2,788,038 N/A 2,788,038 2,788,038
F1 - COMMERCIAL REAL 190,200 N/A 190,200 190,200
F2 - INDUSTRIAL REAL 3,082,820 N/A 3,082,820 3,082,820
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,093,500 N/A 1,093,500 1,093,500
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 0 N/A 0 0
M1 - MOBILE HOMES 2,980 N/A 2,980 2,980
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 11,304,499 0 11,304,499 11,304,499
Less Total Deductions 760,769 0 760,769 760,769
Total Taxable Value 10,543,730 0 10,543,730 10,543,730

The taxable values shown here will not match the values reported by your appraisal district.

See the ISD DEDUCTION Report for a breakdown of deduction values.

Government Code subsections 403.302(j) and (k) require the Comptroller's office to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For school districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

VALUE TAXABLE FOR M&O PURPOSES

Measure Value Description
T1 10,680,294 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 10,543,730 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 10,680,294 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 10,543,730 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 10,905,294 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 11,055,294 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 10,551,718 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 10,680,294 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 10,543,730 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 10,680,294 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 10,543,730 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 10,905,294 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 11,055,294 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 10,551,718 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 136,564 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 225,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 150,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED.


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009-901-02/Muleshoe ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 117,450,795 0.7676 153,013,013 153,013,013
B - MULTIFAMILY 1,905,968 N/A 1,905,968 1,905,968
C1 - VACANT LOTS 972,081 N/A 972,081 972,081
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 33,304,330 1.2706 26,212,411 26,212,411
D2 - FARM & RANCH IMP 3,048,418 N/A 3,048,418 3,048,418
E - NON-AG LAND AND IMPROVEMENTS 46,480,212 0.7702 60,345,901 60,345,901
F1 - COMMERCIAL REAL 22,503,723 0.9301 24,196,142 24,196,142
F2 - INDUSTRIAL REAL 38,814,407 N/A 38,814,407 38,814,407
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 73,598,318 0.9513 77,366,189 77,366,189
L1 - COMMERCIAL PERSONAL 28,184,310 1.1244 25,066,089 25,066,089
L2 - INDUSTRIAL PERSONAL 34,070,802 N/A 34,070,802 34,070,802
M1 - MOBILE HOMES 6,743,276 N/A 6,743,276 6,743,276
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 5,545,367 N/A 5,545,367 5,545,367
Subtotal 412,622,007 457,300,064 457,300,064
Less Total Deductions 82,020,060 95,808,889 95,808,889
Total Taxable Value 330,601,947 361,491,175 361,491,175

The taxable values shown here will not match the values reported by your appraisal district.

See the ISD DEDUCTION Report for a breakdown of deduction values.

Government Code subsections 403.302(j) and (k) require the Comptroller's office to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For school districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

VALUE TAXABLE FOR M&O PURPOSES

Measure Value Description
T1 390,518,609 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 361,491,175 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 390,518,609 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 361,491,175 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 407,993,609 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 419,643,609 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 362,209,493 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 390,518,609 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 361,491,175 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 390,518,609 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 361,491,175 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 407,993,609 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 419,643,609 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 362,209,493 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 29,027,434 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 17,475,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 11,650,000 Loss to the third most recent increase in the state-mandated homestead exemption

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